Attribute ASU UOP Ranking 80 70 Location 50 70 Price 45 4 a. Which of the two op
ID: 1176881 • Letter: A
Question
Attribute
ASU
UOP
Ranking
80
70
Location
50
70
Price
45
4
a. Which of the two options should Roshima pursue of she wants to keep her full-time job? (Calculate the total expected utility from each school option and compare. Graph is not required)
b. Which of the two options should she pick if she plans to quit her job and dedicate to her studies?
c. Which option should she pursue if the probability of being laid off and unable to find a new job is estimated as 0.6?
Show your calculations and explain your reasoning.
Attribute
ASU
UOP
Ranking
80
70
Location
50
70
Price
45
4
Explanation / Answer
1. in case one lets compare all by making common system of comaparing with respect to price values:
-->here we focus in terms of ranking
attribute asu uop
ranking 80 70 ... given
location 50/3=16.33 70/3=23.33 ... location 3 times as imp. as ranking
price 45/2=22.5 4/2=2 ...price 2 times as imp. as ranking
total: 118.83 85.33
so, she should prefer ASU scores higher on a common scale
b.>here we focus in terms of locaton
attribute asu uop
ranking 80/3=26.33 70/3=23.33 ...location 3 times as imp. as ranking
location 50 70 ... location most imp.
price 45/2=22.5 4/2=2 ...price 2 times as imp. as ranking
total: 98.83 95.33
so, she should prefer ASU scores higher on a common scale again
she should then go for UOP since when we will mutiply the location by 0.6 and then add,ASU will fall exponetially!
answer! I HOPE IT HELPS!thanks!
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